📌 Paradigm and Standard Crypto have raised £2,000 million in Series A funding from Axiom series A startup Axiom, which is developing smart contract infrastructure.
– Axiom, a startup that develops smart contract infrastructure, has raised £2,000 million in a series A round led by Paradigm and Standard Crypto.
Axiom will create a tool that will give smart contract developers better access to authenticated data on the blockchain.
Crypto-infrastructure company Axiom has raised £2,000 million in Series A funding.
Venture capital firms Paradigm and Standard Crypto led the round with additional support from Robot Ventures, Ethereal Ventures and others.
Axiom will create a tool for smart contract developers to better access authenticated data on the blockchain. The startups argue that the lack of such access forces developers to spend a lot of time and money reading and writing data.
“Axiom is introducing a new approach to authenticated data access using ZK cryptography instead of consensus,” the company wrote in a social media post on Thursday. “Using Zk, Axiom will enable applications on the blockchain to compute more data with less effort, starting with the full Ethereum history in Axiom V2.”
According to Axiom’s release, building this infrastructure will allow developers to integrate transaction history data into applications on the blockchain and work with other smart contracts.